The Q4 earnings cycle continues to produce a mixed picture and the markets appear unsure of the next direction.
I am still expecting that buying opportunity eventually. Once it appears, we could see a multi-month rally emerge from the other side. S&P futures are down -7.50 tonight so I suggest we continue waiting until we see what happens. There are always some earnings disappointments from good stocks and when coupled with a potential market decline we could see some good entry points.
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